The Canadian anti-money laundering regime is in a state of flux. In June 2018, the Department of Finance released proposed amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, which give color to previously gray areas of regulation.
- New regulations over virtual currencies and pre-paid cards
- Impact of the legalization of cannabis on financial institutions
- Innovative mechanisms to curb financial crime
- Best practices for risk mitigation
- Enhanced role of suspicious transaction reporting
- Additional beneficial ownership recordkeeping and identity verification requirements
- Tools to implement the Magnitsky law against foreign individuals violating human rights
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